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12.26.2014 Santa Visits!

The jolly old fat guy made it Wall Street, as he's sprinkled the gift of higher stock prices around the markets. As of today we're working on 6 days in a row of "up" and our futures indicate that we're going to shoot for 7. While 7 days in a row of "up" isn't a record by any means, it is on the leading edge of being "long in the tooth". A pull back would not be out of the ordinary.

The jolly old fat guy made it Wall Street, as he's sprinkled the gift of higher stock prices around the markets. As of today we're working on 6 days in a row of "up" and our futures indicate that we're going to shoot for 7. While 7 days in a row of "up" isn't a record by any means, it is on the leading edge of being "long in the tooth". A pull back would not be out of the ordinary.

Yet it would be a bit odd to see a pull back today. Europe is closed for Holiday, and that usually gives us a bit more "boost" because folks under water in securities over there, don't have the ability to sell US stocks to make up for their losses. This is why the day after Christmas has the highest percentage chance of being positive than any other day of the year. Again, that doesn't mean we "can't" go red, it means we most probably won't.

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Insiders Club - 12.26.2014

12.26.2014

Good morning all, welcome back from the Christmas Holiday!

I hope Santa was good to all of you. It always amazes me how that chubby old guy seems to know exactly what I want every year. How's he do that?

In any event, we had a really wonderful day, and it's always a good time when the family is together. I hope you all enjoyed it as much as we did.

12.18.2014 The Fed's Bring Santa

By now you probably know that the Fed's gave the market the green light to run back up. Yellen did a classic example of talking out of both sides of her mouth, mentioning rate hikes in 2015, but also saying the Fed will be data dependent and can be very "patient". It didn't matter that CAT has just announced their 25th month in a row of falling retail sales, or that Fedex missed the estimates despite billions in buy backs. No, nothing else matters other than zero interest rates and a happy Fed.

12.28.2015 - Insiders Club

12.28.2015

Good morning everyone, welcome back from your Christmas weekend. I truly hope it was a great time for you all. Our prayers go out to the folks hit by the wicked weather yesterday, as it is indeed quite sad to see giant tornado's sweeping across the nation in December. Stay safe out there!

Insiders Club - 12.30.2014

12.30.2014

Hello everyone, welcome to a new day.

Yesterday the DOW failed to put in it's 8th straight green session. The S&P however did manage to do that. That means we're obviously running on fumes here.

Year end trading is always a choppy sloppy mess. Why? Well you have some folks that look at their year and figure maybe they'd like to lock their gains in. Then of course you have some folks that decide they'll take the tax loss on a few of their "dogs" and they sell for the tax credit. That's opposed by those who figure that if they just wait until January, they don't have to face the tax man for over 14 months. So we generally see the market grind higher in the last week of the year, but inside the indexes there is often a lot of whippy action.

12.22.2015 - Insiders Club

12.22.2015

Hello everyone, welcome to another day....

Yesterday was interesting in a lot of ways. We opened big and green, then as we approached the European market close the volume want nuts and we faded all the way from up 150 to RED by a handful. Then the volume dried up, and we inched higher, going green by about 30 points near the 1 pm hour.

We were slightly green for the rest of the session, and then in the last half hour they picked up the momentum and we ended the day up 123 DOW points.

12.24.2015 - Insiders Club

12.24.2015

Christmas Eve. I am desperately trying to "get in the season" but it's sort of hard considering the weather. I understand it is like 70 in New York. Well we're on track to break the all time Christmas record down here...they're predicting 86 degrees tomorrow!

While I don't miss for one second that goofy white stuff that falls out of the sky, I could surely love some mid 60's and no humidity. As I'm typing this at 8:15 it is 78 degrees and the humidity is 91%. Merry Christmas.